Gold is currently trading at $1873, forming an inverted flag pattern in the 4 hour time frame. In the past 4 hours, gold prices have been trading within a range of $1866 and $1884, with a slight downward bias as evidenced by the inverted flag pattern.
The inverted flag pattern typically signals a continuation of the current trend, given the low levels of volatility present. This downtrend is likely due to increased pessimism.
The inverted flag pattern typically signals a continuation of the current trend, given the low levels of volatility present. This downtrend is likely due to increased pessimism.